Great Table....BUT......
The industry experts forecast oil at USD$80/bbl before covid19 and the Saudi oil rout.
So here we are at USD$80/bbl for oil.
OIP USD$/bbl would be around USD$4-$8 /bbl based on that oil price.
Your OIP USD$1-3 /bbl of oil is based on the lowest of oil prices. (during Saudi oil crash and covid19 pandemic)
So low in fact, they were unsustainable.
These figures are just too low and not realistic in an $80/bbl environment.
Oil will be mainstream for the next 20 years...IMO
I believe we are headed to a more electric world but not for 20 years.
Yes the world is heading that way....but not overnight.
I do not see Battery Electric Vehicles replacing the exisiting stuff until 20 years.
There is no infrastructure...Not enough lithium. etc.
OIP USD$/bbl would be around USD$4-$8 /bbl is conservative IMO.
So the upside potential is truly massive.
The shares are looking very cheap.
Great Table....BUT......The industry experts forecast oil at...
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